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Chief Iacid

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It's not a bug. In my game, the penalties for taxation and relation came back in the middle of februari 1067. I think they have changed it so the penalties don't immediately take effect if the demesne grow too big. The tooltip (Demesne size, top right row) gives a hint actually, using future tense concerning the penalties. If I remember correctly, it was instantaneous before.
 

Chief Iacid

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For me it took from the start of 1066, november to the mid of february, 1067. This was for William who starts out as 15/6. I reduced it to 10/6 at gamestart before unpausing. So it took 3 months for a +4 demesne size. Maybe the offset time is dependent on the amount by which you are over the limit so it takes longer if you're just +1.
 

Servancour

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I took a look at it. It does seem like there might be some issues with it. I get the penalty to lower my income as it should, but it doesn't seem to actually apply to levies correctly. I'll do some more testing and will file a bug report for it.

Cheers for reporting!